PPI Blackhorse Loan

[francoe]

Hi

 

Something that has been bugging me for some time now.

 

I bought a car which was arranged through Black Horse Finance.

 

During filling out the agreement/contract my mind keeps thinking of an additional box with an amount on the right hand side of the agreement

which was not spoken about but was included in the left hand side when tallying up the amount repayable

 

.I am sure it was to do with payment protection.

 

I might still have original documents but if i havnt how could i obtain these?

 

Also after reading through some posts i have read about credit cards & bank loans.

 

Is ppi hidden within calculations or blatantly obvious when you sign up.

 

thanks

[dx100uk]

it will always be listed on the agreements/statements.

 

you might well have to fire off some SAR's if you've not got the required paperwork.

 

dx

[francoe]

Thanks

 

Just about to start a SAR as i had/have two other loans from this company.

 

This is on a different subject but whats really eating me is the charges i am racking up for missing payment date,although its within the month.I must owe 3 extra months payments now just for a few letters!

 

Anyway cheers

[francoe]

Just a thought.

 

Do i have to SAR all my credit cards.

 

I sent SARS to these some time ago about legality of contracts but cant remember anything to do with PPI.

 

Also what i received back was a load of well poor photocopies of bumpf.

 

As far as i can remember it costs a tenner a chuck.

 

So you know when you stop at at service station or you pick up a slip that falls out of a mag you fill it in and send it away & the following week you end with a credit card & a limit would you have even been involved with PPI?

 

Cheers

[dx100uk]

you might well find one sar might get several accounts

 

if they are in the ssame 'Group' of banks.

 

i e you only need one sar per 'company' not debt

 

would suspect you prob cca'd [£1] before?.

 

as for theses LATE PENALTY fees you can reclaim all those too.

 

dx

[francoe]

Thanks for reply.

 

Yes i was hoping that it might include a group as i have had 3 finance deals from Black Horse.

 

Yes i ccad all my credit card accounts but came up with all sorts.

 

I didnt have the time at the time to keep a close eye on this & with information i received back & what was being advised on here i didnt proceed any further.

 

I also have a niggling thought with bank charges.

 

Although i reclaimed a large portion back from my accounts,

one bank stonewalled me on a test case that was going through at the time & this proceeded no further.

 

Can i ask what is the situation with bank charges now?

 

I know this bank repaid charges at the time mine was rejected.

 

Thanks

[francoe]

Also dx100uk

 

I am being charged by blackhorse for late payments

& my mortgage company for late payments @ £40 a throw.

 

Although i have conflicting guidance from my mortgage company who say as long as i pay within the month that the payment is relevant to it dosnt matter.

 

For example if my payment is due on the 10th of the month & my funds become available on the 24th then i should not be charged or should i & if charged how much.

 

My finances changed for the worse some time after i took out my loan & mortgage yet although i pay (not always on the due date but within the same month) i get penalized for this.

 

Hope this makes sense & thanks for your replies

[ims21]

The late payment charges should be reclaimed together with any associated interest.

[dx100uk]

as said, ALL PENALTY CHARGES wherver they be , can be reclaimed bar bank accounts.

 

dx

[francoe]

Thanks for both replies.

 

Thats interesting info.Thanks

Can i please get some more answers then.

 

1.My Black Horse loan finishes late next year & i have already racked up 600 odd in charges,although i have not physically paid any of these charges,they are listing them as arrears.Do i tackle this now or do i wait until the loan has completed?

2.The mortgage charges are added to my mortgage i guess as i dont physically pay these either but as long as i make my monthly payment i have no arrears.Do i claim on these.

3.Why can these charges be reclaimed & not bank charges.

4.How do i go about claiming these charges.Under what guise.Are there templates in library.

 

I probably have more questions but this will give me a start.

 

Thanks for your time

[ims21]

Thanks for both replies.

 

Thats interesting info.Thanks

Can i please get some more answers then.

 

1.My Black Horse loan finishes late next year & i have already racked up 600 odd in charges,although i have not physically paid any of these charges,they are listing them as arrears.Do i tackle this now or do i wait until the loan has completed?

 

Although they may not have been physically paid they have been added to the account and you will be reclaiming them to be removed from the account together with any associated interest

 

2.The mortgage charges are added to my mortgage i guess as i dont physically pay these either but as long as i make my monthly payment i have no arrears.Do i claim on these.

 

Yes

3.Why can these charges be reclaimed & not bank charges.

 

The OFT lost the case on bank charges in the Supreme Court which to a major extent closed the door on bank charges reclaims. Te ruling did not cover loans and credit cards i.e. accounts with a credit agreement.

BCOBS could be used for reclaiming bank charges but that it a different story to that being addressed here.

 

4.How do i go about claiming these charges.Under what guise.Are there templates in library.

 

Yes there are template letters in the library which you can amend to suit.

 

I probably have more questions but this will give me a start.

 

Thanks for your time

 

 

 

 

You can use this spreadsheet to work out what the amount of charges and interest for your claims.

 

 

CISheet v101.xls

[francoe]

Hi

Thanks for reply.

Question 4 still remains.How do i start the ball rolling so to spaeak.

 

Sar?

Then calculate all charges & enter to spreadsheet. Do i do as before with bank charges in regards to Prelim Then LBA?

 

Also i know this is not the issue here but i did mention bank charges earlier.

 

I remember seeing BCOBS.Can you give me a brief on this.Is it to do with hardship?

 

Cheers

[ims21]

If you have all of the data for the charges, i.e. statements on which they appear then there is no need for a SAR. If you don't have all of the data then yes a SAR would be appropriate.

 

Prepare spreadsheet and submit a preliminary claim for the charges to be refunded to the account.

 

You can issue in court to have the charges refunded if they don't comply.

 

Hover over the bold, black BCOBS link and you will see an information panel with links to further BCOBS information.

[francoe]

Thanks for your reply ims.

 

Interesting reading on BCOBS.

 

My employment takes a great deal of time from me(7 days a week) at the moment but hopefully will get things moving over christmas as i have christmas day & boxing day off.Ha Ha

 

Will post back if i get stuck or i get any info of any relevance.

 

Thanks